Manmohan Singh’s far reaching reforms that made India a fastest growing economy
India has lost a towering figure in the Indian economic landscape, former Prime Minister of India, Dr Manmohan Singh.
India has lost a towering figure in the Indian economic landscape, former Prime Minister of India, Dr Manmohan Singh.
The global economy remained resilient in the first half of 2024, with declining inflation supporting household spending, it said in its October Bulletin.
Reserve Bank of India (RBI) Governor Shaktikanta Das at the Monetary Policy Committee (MPC) meeting on Friday announced the policy rate unchanged at 6.5 per cent.
“The path-breaking structural reforms, such as the enactment of the Insolvency and Bankruptcy Code (IBC) and the adoption of Flexible Inflation Targeting in the recent years, have helped us to deal with the challenges in the banking system and the task of maintaining price stability more effectively,” he said.
In the throes of economic dynamism, India finds itself at the intersection of contrasting forces, with its annual retail inflation surging to a four-month high in December.
The central bank releases monthly data on India's international trade in services with a lag of around 45 days.
The list of 50 defaulters came through an RTI application filed by activist Saket Gokhale.
RBI in its Monetary Policy Report observed that the ongoing lockdown and expected contradiction in global outlook would weigh heavily on the growth outlook.
RBI governor told that sectors such as tourism, airlines, hospitality, and domestic trade and transport are suffering the loss of activity.
Those arrested are Jasvinder S. Banvait, a former bank director, and valuers Vishwanatha S. Prabhu and Shripad G. Jere from Yardi Prabhu Consultants and Valuers Pvt Ltd.
